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Financial WorldApr 16, 2026

Trump and Powell clash as Warsh nomination stalls at the Fed

President Trump threatened to fire Jerome Powell if he remains at the Federal Reserve past the end of his term.

Trump and Powell clash as Warsh nomination stalls at the Fed
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tl;dr

President Trump is threatening to fire Fed Chair Jerome Powell as the nomination of Kevin Warsh stalls in the Senate. The clash centers on a DOJ probe and institutional independence ahead of Powell's term expiring in May.

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